Kittelson & Carpo Consulting – News and Advisories
We provide monthly updates on the latest news that affect doing business in the Philippines as well as the newest advisories from government agencies that regulate the operations and compliance of local and foreign companies in the country.
Pag-IBIG Fund, otherwise known as the Home Development Mutual Fund (HDMF), extended socialized housing loans to 11,894 members from the minimum-wage and low-income sectors amounting Php4.52 billion in the first half of 2019.
The Department of Information and Communications Technology (DICT) targets to issue permits to tower building companies in three months or less to expedite the construction of new cell sites.
Tax incentives granted to enterprises registered with the Tourism Infrastructure and Enterprise Zone Authority (TIEZA) is now extended until December 2029, following the passage into law of Republic Act (RA) No. 11262, a new law that seeks to amend RA No. 9593, or the Tourism Act of 2009.
SEC drafts guidelines to prevent lending companies (LCs) and financing companies (FCs) from using “unfair” debt collection practices on their borrowers.
The Securities and Exchange Commission (SEC) is now accepting applications for the registration of a One Person Corporation (OPC), a corporation with a single stockholder, following the issuance of the pertinent guidelines.
The Department of Labor and Employment (DOLE) issued three new labor policies on Wednesday during the government’s Labor Day celebration in Pampanga. The new policies seek to ensure the protection and welfare of Filipino workers here and abroad.
The Securities and Exchange Commission (SEC) formally launched on Friday last week the Sustainability Reporting Guidelines for Publicly-Listed Companies (PLCs), requiring such companies to disclose compliance/non-compliance of the recommendations provided under the Code of Corporate Governance for PLCs operating in the Philippines.
In a statement released yesterday, KMC Solutions, largest coworking and flexible workspace provider in the Philippines, announced that it received investment in a Series A funding round from Singapore private equity firm ASEAN Industrial Growth Fund (AIGF) to propel its expansion plans in other key areas of development in the Philippines.
The Social Security Commission, the SSS governing board, issued Circular No. 2019-05 on March 15 to prescribe the new contribution table that is scheduled to take effect this month.
The alleged noncompliance of foreign firms engaged in Philippine Offshore Gaming Operations (POGO) on properly registering and filing personal income taxes of their Chinese workers are now being investigated by the Philippine government.